Posts tagged with "debt ceiling"

The House passed a clean debt ceiling on Tuesday and much to the dismay of the Tea Party, no hostages were taken. The bill was approved in a 221-201 vote, largely by Democrats. Only 28 Republicans had the guts to vote for it, while 199 voted no.
With the exception of two, every other Democrat voted for the clean debt bill backed by the...Politics

Rep. Ted Yoho (R-FL) told the Washington Post that he was not going to raise the debt ceiling because, “I think, personally, it would bring stability to the world markets.” He refers to our current government shutdown as “the tremor before the tsunami.” Do we really need a tsunami, especially a financial tsunami? Does Yoho...Politics

President Obama on Wednesday spoke to members of the Business Roundtable in Washington, DC, and blasted Republicans by reiterating his position on the debt limit; it is non-negotiable and he will not pay Republicans a ransom for agreeing to lift it.
Obama accused Republicans of extortion and threatening "apocalypse" if they don't get...Politics

Since the recession began, the GOP has ranted that the debt is the number one issue facing the country. It wasn’t and it isn’t - unemployment is. But Republicans have their reasons for the pretense that America is going the way of Greece.
Since the “hate government” mantra began with Ronald Reagan’s pronouncement that...Economy

With all the talk about our economy amidst another debt ceiling debacle House Republican leaders have signed on to spend up to $3 million to keep defending the Defense of Marriage Act in court at the taxpayers' expense, according to a copy of their newly revised legal contract which the Huffington Post obtained. This is monetarily worth...Politics

Let's be clear: The debt ceiling allows our country to pay its bills. If America does not pay its bills for money spent from past and present Presidents -- this is not exclusive to Congress who passed the bills -- then we default and again our credit rating will go down. So, keep in mind that the following comes from 'common sense,...Politics

Let's be clear: The debt ceiling allows our country to pay its bills. If America does not pay its bills for money spent from past and present Presidents -- this is not exclusive to Congress who passed the bills -- then we default and again our credit rating will go down. So, keep in mind that the following comes from 'common sense,...Economy

The 112th Congress will be remembered as the most unproductive session since the 1940s. Unrelenting tea partiers swept the House in 2010, giving not even an iota of compromise, but never mind those pesky facts; this tea partier believes they have compromised enough. Cruz hasn't compromised so that rather negates his...Economy

The 112th Congress will be remembered as the most unproductive session since the 1940s. Unrelenting tea partiers swept the House in 2010, giving not even an iota of compromise, but never mind those pesky facts; this tea partier believes they have compromised enough. Cruz hasn't compromised so that rather negates his...Economy

We just finished the Kabuki-style fiscal Cliff negotiations and Americans are now preparing themselves for even more of a circus; the Debt Ceiling. In 2011, the debt ceiling spectacle embarrassed our country greatly to the point of American's first credit downgrade in history. Some are seeing that 2011's strategy may not fare too well...